LUXEMBOURG -- (MARKET WIRE) -- 06/04/08 --  Tenaris S.A. (NYSE: TS)
(BAE: TS) (MXSE: TS) (MILAN: TEN), in its annual general shareholders
meeting today, approved the consolidated financial statements and the
report and accounts of the Company for the year ended December 31,
2007, as well as the payment of an annual dividend of US$0.38 per
share, (US$0.76 per ADS), or approximately US$450 million. The amount
approved includes the interim dividend previously paid on November
22, 2007, in the amount of US$0.13 per share (US$0.26 per ADS).
Tenaris will pay the balance of the annual dividend amounting to
US$0.25 per share (US$0.50 per ADS), or approximately US$295 million,
on June 26, 2008 with a record date of June 25, 2008 and an
ex-dividend date of June 23, 2008.

The general shareholders' meeting approved the re-election of the
current members of the board of directors, with the exception of
Bruno Marchettini who did not stand for re-election, and the election
of Alberto Valsecchi, our former Chief Operating Officer, to serve as
members of the board of directors until the next annual shareholders'
meeting, which will be held in June 2009.

The board of directors subsequently confirmed Amadeo Vazquez y
Vazquez, Jaime Serra Puche and Roberto Monti as members of the
Company's audit committee, with Mr. Vazquez y Vazquez to continue as
chairman. All three members of the audit committee are independent
directors.

The company re-appointed PricewaterhouseCoopers as its independent
auditors for the 2008 fiscal year.

Tenaris is a leading global supplier of steel tubes and related
services for the world's energy industry and certain other industrial
applications.

Contact:
Nigel Worsnop
Tenaris
1-888 300 5432
www.tenaris.com